by OrangeTee & Tie Pte Ltd.

HDB resale volume down 24.1% in October as median price hits high of S$545,000: SRX, 99.co

SRX HDB Resale Data

RESALE volumes of Housing and Development Board (HDB) flats slid 24.1 per cent month on month to an estimated 1,965 transactions in October 2022, as the median price of an HDB resale flat hit a record high of S$545,000, according to estimates from SRX Property and 99.co.  

Year on year, resale volumes in October were down 21.6 per cent, the data released from SRX, 99.co on Thursday (Nov 3) showed. 

OrangeTee & Tie senior vice-president of research and analytics Christine Sun added that October's dive is the steepest monthly decline in transaction volume since the "circuit-breaker" period in April 2020, when sales plunged 78.3 per cent.

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